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Originally Posted by Locobot
In Ustwo's state you're required to pass a course in consumer economics in order to graduate high school. The course covers topics such as insurance, lease agreements, contracts, labor rights, how to budget, and bankruptcy. Therefore I'd have to say one of the major premises for this thread, that we aren't teaching people financial responsibility, is pretty much bullshit.
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I never had one class/course on finance or economics until my sophmore year of college. I don't think I've ever had a course in "consumer economics" like you're describing and I have an MS in econ.
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Originally Posted by flstf
One can only hope that at least a few of these guys would be satisfied with their millions and want to run for national office and try to do the right thing instead of continuing to play the game they know so well. I think many are so caught up in creating more wealth for themselves that they cannot help themslves from using their knowledge and connections to rig the system.
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Steve Forbes ran for president. Apparently he didn't have the connections it takes to rig the system. Most of what I remember from his campaign is the jokes people said about how he was just some rich guy, but knew nothing about running a country. I think I remember a joke on letterman, something along the lines of "his plan to win the election is to buy everyone who votes for him a car." He really got no respect. Unless you're a career politician, its pretty hard to win.